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Roundup: Tokyo stocks close higher on eased concerns about U S tapering
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Tokyo stocks extend rally with U S tech support
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TOKYO Japanese shares rose on Monday led by tire makers and shippers, following the weekend’s solid finish on Wall Street, though gains were capped as investors remained cautions ahead of the U.S. Federal Reserve’s meeting this week.
The Nikkei share average gained 0.37% to 29,055.20 by 0203 GMT, after trimming gains of as much as 0.9% earlier in the session. The broader Topix rose 0.19% to 1,957.89.
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“We do not have any market-moving catalysts in Japan and most of the markets in Asia are closed. Investors tend to book profits in such an environment,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.
Tokyo stocks close higher on eased concerns about U S tapering - World News
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